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To: patron_anejo_por_favor who wrote (180522)1/29/2009 2:40:37 PM
From: MulhollandDriveRespond to of 306849
 
Let me make this clear: I was against Geithner BEFORE the tax stuff came up, based on his catastrophic policies as head of the NY Fed. Including (specifically) the LTCM bailout, the willingness to avoid meaningfully limits on credt derivatives (even though, as chief bank regulator of the region where these institutions were centered it was his responsibility to do so). And for the BSC bailout/takeunder, in which he was a prime architect. I have no doubt he'll be equally disastrous as Secretary of the Treasury, I see a horrendous 10 year track record and no heretofore undiscovered resources he possesses that will change the performance record going forward.

precisely right.

when i first heard his name floated, i did some googling on the guy and realizing just how deep he was involved in lctm and bsc....his role as regulator as it affected citi was abysmal..but hey, he's a rubin protege' after all...

the scary thing is this ridiculous notion that he was 'the only one' who can restore financial security as you aptly pointed out he has NO RECORD of such

the insistence upon his confirmation despite his known tax evading should be viewed as something much sinister and darker...i'm following the money to goldman sachs (note his number one aide, goldman LOBBYIST, mark patterson....guess he's the ONLY ONE too)

like you my reasons were well before his tax evading came to light, but hearing that he was a tax cheat was the very last straw (for all the good it does to push back against him)

the reason i like to hammer on him because of his tax evading is because it is something j3p understands....he will forever be turbo tax tim, i for one, will not let him live that down...



To: patron_anejo_por_favor who wrote (180522)1/29/2009 3:12:53 PM
From: TommasoRead Replies (1) | Respond to of 306849
 
I think that something else is likely to come out about Geithner and he will have to leave. Obama can dump him any time he wants to. If Rumsfeld can disappear, so can Geithner.



To: patron_anejo_por_favor who wrote (180522)1/29/2009 3:19:10 PM
From: Jim McMannisRespond to of 306849
 
RE:"Obama's own character may be OK. This is not a character issue; he's listening to the wrong people, and it will end in tears."

When something doesn't quite make sense, follow the money.
i.e. Lobbies...influencing Obamas friends.